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I-35-Convergence-Park-Denton
IndustrialLeasing ActivityTexas

Lotte Global Logistics Signs 227,420 SF Industrial Lease in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Lotte Global Logistics has signed a 227,420-square-foot, full-building industrial lease at I-35 Convergence Park in the North Texas city of Denton. The speculative facility is located within Westpark Industrial Park. Joe Yoon of Realty Bank Group represented the tenant in the lease negotiations. Chris Teesdale, Tom Pearson and Ben Wallace of Colliers represented the landlord, Dallas-based Hunt Southwest. The other building at I-35 Convergence Park totals 250,080 square feet and was leased in 2021.

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Clifton-Riverside-Fort-Worth
Affordable HousingDevelopmentMultifamilyTexas

Overland Property Group Completes 94-Unit Affordable Housing Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Kansas-based developer Overland Property Group has completed Clifton Riverside, a four-story, 94-unit affordable housing project in the River East neighborhood of Fort Worth. The site spans 2.3 acres at 2406 E. Belknap St. According to Apartments.com, units come in studio, one- and two-bedroom units. Residences are reserved for households earning between 30 and 60 percent of the area median income. Amenities include outdoor courtyards, a fitness center, media center and a clubroom.

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Leasing ActivityRetailTexas

EōS Fitness to Open 43,801 SF Gym in Murphy, Texas

by Taylor Williams

MURPHY, TEXAS — Dallas-based EōS Fitness will open a 43,801-square-foot gym in Murphy, a northeastern suburb of Dallas. EōS Fitness is backfilling a space previously occupied by 24 Hour Fitness at 229 E. FM 544, which according to LoopNet Inc. was originally constructed on a 6.8-acre site in 2008. Segovia Partners, a brokerage firm with offices in Dallas, Chicago and Jupiter, Fla., negotiated the lease. The opening is slated for some time in 2026.

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AcquisitionsIndustrialTexas

Oxford Partners Arranges Sale of 12,813 SF Industrial Building in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 12,813-square-foot industrial building in North Houston. According to LoopNet Inc., the building at 15458 W. Hardy Road was constructed in 1981 and features three drive-in bays and 16-foot clear heights. Perry Mazzone and Matt Rogers of Oxford Partners represented the buyer in the transaction. Wyatt Huff of Partners Real Estate represented the seller. Both parties requested anonymity.

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AcquisitionsGeorgiaOfficeSoutheast

Atlanta Braves Holdings Acquires 763,465 SF Pennant Park Office Complex Adjacent to Truist Park

by John Nelson

ATLANTA — Atlanta Braves Holdings Inc., owner and operator of the Atlanta Braves MLB team, The Battery Atlanta mixed-use development and Truist Park in Cobb County, has purchased an adjacent 763,465-square-foot office complex. The property, called Pennant Park, is situated on approximately 34 acres and comprises six office buildings and more than 2,700 parking spaces. The seller, Rubenstein Partners, has owned Pennant Park since 2017, the year that the Braves began playing at nearby Truist Park (formerly SunTrust Park). The sales price was not disclosed. The campus was more than 80 percent leased at the time of sale to 24 tenants, including The Home Depot, Juneau Construction Co. and TK Elevator. The acquisition expands the Atlanta Braves Holdings’ real estate portfolio by 30 percent. Pennant Park comprises two components: Pennant Commons (four buildings and a communal plaza known as The Quad) and Pennant View (two buildings). Amenities at the office park include 24-hour security, onsite engineering, a 48-person conference center, two fitness centers, onsite car detailing services, two cafés, Social Kitchen tenant lounge and cafe, a bocce ball court, putting green, multi-sport game court, helipad, lake with jogging trail and a Cobb Community Transit System bus stop.

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Northshore-Mall-Peabody
DevelopmentMassachusettsNortheastRestaurantRetail

Simon Completes Redevelopment of Northshore Mall in Peabody, Massachusetts

by Taylor Williams

PEABODY, MASS. — Simon Property Group has completed the redevelopment of Northshore Mall, a shopping, dining and entertainment destination located north of Boston in Peabody. Among the new tenants that have either recently been announced or opened new stores/facilities at Northshore Mall are Life Time Fitness, which opened a 116,000-square-foot athletic resort with multiple pools and spa facilities, as well as Arhaus and L.L. Bean. Interactive gaming experience Immersive Gamebox is also now part of Northshore Mall’s lineup of entertainment users, as is Golf Lounge 18 and Gametime Lanes & Entertainment, which offers bowling and other games in addition to food and drink. Dick’s Sporting Goods will open a new store at the property in 2026 under its “House of Sport” brand, and construction is now underway on a 142-room hotel that will be operated under the Residence Inn by Marriott brand. Conventional retailers that have also recently joined the tenant roster include Lululemon, Hollister, It’Sugar and Sandmagination, while the food-and-beverage component now features the likes of Sweetgreen, Big Chicken and Honeygrow, with Vermont-based Skinny Pancake and ice cream chain Van Leeuwen scheduled to open in the coming weeks. Lastly, electric vehicle maker Tesla recently debuted a new showroom at …

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AcquisitionsFloridaRetailSoutheast

Gazit Horizons Buys Galt Ocean Marketplace Shopping Center in Fort Lauderdale for $35.4M

by John Nelson

FORT LAUDERDALE, FLA. — Miami-based Gazit Horizons Inc. has purchased Galt Ocean Marketplace, a 105,589-square-foot shopping center situated on a linear 8.6-acre site along A1A in Fort Lauderdale. The seller, an affiliate of a joint venture between Evergreen Investment Advisors and Kitson & Partners, sold the grocery-anchored property for $35.4 million. Casey Rosen, Dennis Carson, Sriram Rajan and Michael Etemad of CBRE represented the seller in the transaction. Galt Ocean Marketplace was 96 percent leased at the time of sale to tenants including Winn-Dixie, CVS, Holy Cross Hospital, McDonald’s, Flagstar Bank and Sherwin-Williams, among others.

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GeorgiaIndustrialLeasing ActivitySoutheast

Lee & Associates Arranges 88,300 SF Industrial Lease in Douglasville, Georgia

by John Nelson

DOUGLASVILLE, GA. — Lee & Associates has arranged an 88,300-square-foot industrial lease at 9850 Commerce Way in Douglasville, roughly 22 miles west of Atlanta. Joseph Mullican and Lee Steed of Lee & Associates’ Atlanta office represented the tenant, Peco Fasteners, a distributor of industrial fasteners and electrical products, in the lease negotiations. The landlord was Ridgeland, Miss.-based EastGroup Properties and the deal totaled $10.7 million, according to Lee & Associates.

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FloridaLeasing ActivityOfficeSoutheast

CP Group Signs General Dynamics to 50,368 SF Office Lease Renewal in Orlando

by John Nelson

ORLANDO, FLA. — CP Group has signed General Dynamics Corp., a publicly traded aerospace and defense corporation, to a 50,368-square-foot office lease renewal in Orlando. The Reston, Va.-based tenant will continue to occupy Resource Square III, an office building located within Central Florida Research Park. Diane Drobia and Chris Sproles of CBRE represented the tenant in the lease negotiations. Madison Kimbell of JLL represented CP Group. In addition to General Dynamics, other recent leases at Resource Square III include American Electronic Warfare Associates Inc. signing a 10,420-square-foot lease and Florida Office Group renewing its 4,249-square-foot lease. Central Florida Research Park is situated adjacent to the University of Central Florida (UCF). CP Group has owned Resource Square I and III within the park since January 2020.

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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers Sale of Retail Property in Leesburg, Florida Leased to Heartland Dental

by John Nelson

LEESBURG, FLA. — Don McMinn and Andrew Koriwchak of Marcus & Millichap’s Taylor McMinn Retail Group in Atlanta have brokered the sale of a single-tenant retail property located at 27417 US Highway 27 in Leesburg, about 45 miles northwest of Orlando. Built on 1.1 acres in 2002, the property was leased to Heartland Dental, which operates the 4,296-square-foot building as South Leesburg Dental Care. The dental practice recently opened at the property, which is an outparcel to a Winn-Dixie grocery store. Heartland Dental has a 10-year corporate lease at the property with rent increases and extension options. McMinn and Koriwchak represented the seller, a Florida-based developer, in the transaction. The locally based buyer purchased the property for an undisclosed amount in an all-cash transaction. “Investor demand for single-tenant medical properties remains strong, driven by the stability of the healthcare sector and quality of the locations,” says McMinn. “We are currently marketing additional Heartland Dental properties in Cape Coral, Fla., and McDonough, Ga.”

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